Escrow.com Partners with Vehicle Title LLC to Provide Internet Car Buyers with a New and Powerful Insurance Product

Escrow.com announced today that they have partnered with Vehicle Title LLC, a division of The First American Corporation, and will be offering their flagship product, TitleGuard Vehicle Title Insurance, through their Vehicle Services Division. In addition to offering a completely secure online transaction, inspection services and titling services, Escrow.com will now be offering TitleGuard's $50,000 insurance protection against unreported Department of Motor Vehicles brands, title defects and evidence of odometer rollback.
Together, the two companies provide assurance to online vehicle purchasers that the vehicle can receive a perfected title free of defects. Customers set up escrow accounts to protect their funds during the purchase process and TitleGuard insures against any undisclosed DMV title defects and that the title can transfer. This assurance facilitates the transaction for both the buyer and seller.
The importance of this partnership can be seen in the headlines across the country. It has been estimated that 500,000 vehicles may have sustained flood damage during hurricane Katrina. There is serious concern that many of these vehicles will reappear in other states with washed titles. Escrow.com provides the purchaser with the opportunity to inspect the vehicle before they pay and TitleGuard insures against actual losses for any hidden DMV title defects as well as insures the title can transfer.
"We are all about providing security for online transactions and the TitleGuard product fits right in," said Escrow.com Managing Director Brandon Abbey. "This innovative product offering from Vehicle Title LLC is something our customers have been asking for. A vehicle is the second largest purchase an individual will make; would you buy a house without title insurance? Think about buying a vehicle on the Internet: Are you going to pay $25,000 for something you have never seen? Now, through our services and those of our partners, you can have the vehicle physically inspected, the title insured, the title paperwork completed, shipping arranged and the money held in trust until you accept the merchandise. There is just too much fraud taking place on the Internet and it is on the rise; buyers and sellers must take precautions to protect themselves. This will be a good partnership for Escrow.com."
"We are very excited about opportunities that this new partnership presents," said Tom Rubadue, President of Vehicle Title LLC. "As the leading provider of security solutions for online vehicle sales transactions, Escrow.com offers a perfect fit for TitleGuard Vehicle Title Insurance. By combining our product offerings, together we will be able to deliver used car buyers an unprecedented level of security and peace of mind as they conduct their purchase transactions online."
About Escrow.com
Escrow.com, based in Irvine, California, is a privately held company that has pioneered the process of online escrow services. The Company, founded in 1999, has established itself as the leading provider of secure business and consumer transaction management on the Internet. Escrow.com's services are provided through strategic relationships with companies like eBay and Yahoo!, to lenders and institutions requiring secure online transactions, and to individuals who seek to protect themselves when conducting business over the Internet. Escrow.com is licensed by the California Department of Corporations and maintains certifications to conduct business in 49 states. The Company maintains a highly trained customer service staff with multiple escrow officers. Escrow.com is the only choice for ensuring that your transactions are handled promptly, securely and professionally every time you need us. For more information on Escrow.com please visit http://www.escrow.com.
About Vehicle Title, LLC
Vehicle Title, LLC is a joint venture between The First American Corporation (NYSE: FAF), a Fortune 500 company and innovative leader in the title insurance industry that traces its history to 1889, and Experian Automotive, the automotive industry's premier information and vehicle history data supplier. By combining the strengths and expertise of these two companies, Vehicle Title LLC maximizes its effectiveness to deliver TitleGuard Vehicle Title Insurance to the used car buying and selling public. TitleGuard Vehicle Title Insurance, underwritten by the First American Family of Companies, is the first and only product that insures used car buyers, sellers and lenders against the actual losses that can result from unreported DMV title defects for up to 100 percent of the vehicle's fair market value. For more information on The First American Corporation, Experian Automotive or TitleGuard, please visit http://www.firstam.com, http://www.automotive.experian.com or http://www.AutoTitleGuard.com respectively.
For additional information, contact: Brandon Abbey - 949-790-5880
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

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